PerkinElmer earnings climb 49%

DanBurrows

NEW YORK (MarketWatch) -- PerkinElmer Inc.
PKI, -0.39%
said late Wednesday first-quarter profit rose 49% to $19.8 million, or 15 cents a share, from $13.3 million, or 10 cents a share, in the year-earlier period. Earnings from continuing operations came to 19 cents a share, or a penny ahead of analysts' average estimate, according to Thomson First Call. The Wellesley, Mass., producer of scientific instruments and services said sales for period ended April 3 increased 6% to $416.3 million from $392.6 million a year ago. For the second quarter, PerkinElmer sees earnings from continuing operations at 19 to 20 cents a share, which is line with analysts' average view. The company, which reported results after the markets closed, saw its shares finish at $19.72, down 15 cents.

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